We would like to confirm you that the followings institutions have received from the closing team of the THE FIVES main needed legal documents to proceed and give personal mortgages to THE FIVES’s clients:

SCOTIA BANK, CONFICASA, BANCOMER, STEWART TITLE and FINANCE NORTH AMERICA

If you have selected a diferent bank or a diferent finantial institution, please let’s us know and we will coordinate with your lender about the documents.

We confirm again the 3 dates for the signature of the title deed at the Public Notary (27 Novembre, 4 and 11 decembre 2009).

As we mentioned early this month the Condo Regime is signed and ready to go ahead signing and tranfering the ownership to you at Public Notary.

Nevertheless, if you are not Mexican citizen, you should apply at SRE (Secretaria Relaciones Exteriores at Ciudad de Mexico) to receive the permision of your Fideicomiso. This permision will take around 2 weeks. Any deeds can be signed without this permision so please let’s coordinate togeher with your legal representant here in Playa del Carmen to coordinate all documents needed (this permision is given automatelly when duly well apply).

Some owners asked our team in Playa del Carmen to give out actual information about the insurance of THE FIVES because of the Hurricane Season. The cost per month of this insurance is 47.500 dollars and goes from May 2009 to April 2010.

Any client asking us to see the payment of August will have by e-mail.

Summer has arrived, the perfect climate to enjoy the immensity of the Caribbean Sea. And in the heart of the majestic Mayan Riviera we find Playa del Carmen, the fascinating landscape which we have used to create The Fives Hotel & Private Residences complex that we review in the following lines:

As we have been mentioning in previous releases, gradually has been an increasing number of staff working on the condos.

We want to remark that within the work being undertaken, we are devoting part of this staff to improve the rails, both in quality and finishing, strengthening them, as we know is an issue that concerns us all.

Another important thing for us to share with you are these images of the complex that we present here because, regardless of the work mentioned above, we persisted in maintaining the gardens, pool, cleaning, security, etc. All in order to maintain development in the best possible conditions. For the peace of mind of all those who have not visited lately development.

We will continue to maintain new releases that will be sent to you in the next couple of days.

The management and staff at the Fives Hotel & Private Residences, operating as Azul Fives Hotel, have been working very hard over these past few months to ensure that the hotel and residences will offer you the very best amenities and service. In order to meet this high standard of quality, the grand opening of the hotel has been postponed.

We would like to thank you for your patience. All owners in the rental pool who stay in their condos prior to the grand opening of the hotel, may do so without counting that stay as part of their eight weeks this year.

We will be announcing the grand opening date of our innovative resort and hotel to you in the very near future and look forward to completely satisfying your expectations at that time.

If you have any questions or need help, please contact The Fives team: